Guideline Value for Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street

Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street guideline value

The current guideline value for Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street has changed

The guideline value for Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 3,300 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, making the current value of Rs 3,300 per sq.ft for Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street above the median.

• Kaviarasu Kannadasan Nagar 7th Block 10th Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 1st Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Main Road: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 6th Main Cross Street: Rs 3,300 per sq.ft (2024)
• Kaviarasu Kannadasan Nagar 7th Block 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street?

The Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is an important factor when buying or selling property in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

When a property is registered, the guideline value helps ensure transparency in property transactions. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street?

The current guideline value of Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, which is a 10% increase. It was Rs 2,010 per sq.ft in 2017, which means there was a 49% increase from 2017 to 2023.

What is the land classification for Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street?

The land classification for Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street is Residential Special Type - I.

What is the stamp duty for property in Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street?

The stamp duty for property in Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street?

The Madhavaram Sub Registrar Office covers Kaviarasu Kannadasan Nagar 7th Block 1st Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.